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REGISTERED NUMBER: 10249440 (England and Wales)















Kilfrew Consult Ltd

Unaudited Financial Statements for the Year Ended 30 June 2023






Kilfrew Consult Ltd (Registered number: 10249440)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Kilfrew Consult Ltd

Company Information
for the Year Ended 30 June 2023







Director: Mr S K Jones





Registered office: Killfrew Farm
Kingcoed
Usk
NP15 1EE





Registered number: 10249440 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Kilfrew Consult Ltd (Registered number: 10249440)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £   
Current assets
Debtors 5 1,724 1,782
Cash at bank 89,057 93,165
90,781 94,947
Creditors
Amounts falling due within one year 6 (8,563 ) (8,219 )
Net current assets 82,218 86,728
Total assets less current liabilities 82,218 86,728

Capital and reserves
Called up share capital 8 100 100
Retained earnings 82,118 86,628
Shareholders' funds 82,218 86,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr S K Jones - Director


Kilfrew Consult Ltd (Registered number: 10249440)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Kilfrew Consult Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Kilfrew Consult Ltd (Registered number: 10249440)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Property, plant and equipment
Computer
equipment
£   
Cost
At 1 July 2022
and 30 June 2023 1,118
Depreciation
At 1 July 2022
and 30 June 2023 1,118
Net book value
At 30 June 2023 -
At 30 June 2022 -

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,077 901
VAT 647 641
Prepayments - 240
1,724 1,782

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 569 45
Tax 2,749 1,575
Social security and other taxes 1,533 1,688
Net wages 505 579
Other creditors 301 301
Directors' current accounts 1,656 2,661
Accrued expenses 1,250 1,370
8,563 8,219

Kilfrew Consult Ltd (Registered number: 10249440)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,028 4,028
Between one and five years 671 4,699
4,699 8,727

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100